MBA in Accounting

Accountants are professionals who are responsible for their company's financial health. In a way, they play in an instrumental role in strengthening their country's financial stature in the world. There are two main ways of becoming an accountant: holding a bachelor's degree in accounting or a Master of Business Administration (MBA) degree in accounting. While a Certified Public Accountant (CPA) certificate is not required of all accountants to practice, many choose to become one to increase their job prospects. Those who file reports with the Securities and Exchange Commission (SEC) must, however, become a CPA.

MBA in Accounting
A Master of Business Administration degree is usually a 2-year graduate degree program, and it is offered by many business schools across the United States. There are different tracks within the degree which students may pursue, according to their academic preferences, interests, and job requirements. Accounting is one such track. A MBA in accounting teaches the skills necessary for the operation, design, and control of accounting information systems. Students will be required to take core business courses, advanced business courses, and accounting courses. Some schools are mindful of the fact that not every student who gets into an accounting MBA degree program has an accounting background; therefore, they may offer the degree in two tracks.

Students with an undergraduate degree in accounting may be able to complete the requirements of the MBA program earlier than those with non-accounting backgrounds. They may be able to graduate in less than two years. However, their enrollment status will help decide the actual duration of their time in the program. Some of the courses taught to those with an academic background in accounting may be titled as:

  • Organizational Behavior and Leadership
  • Auditing and Professional Responsibility
  • Financial Accounting Theory and Research
  • Competitive Strategy

Those with non-accounting background may be taught courses like:

  • Foundations of Business Ethics
  • Business Legal Concepts
  • Advanced Taxation
  • Cost Management

Some of the general admission requirements for MBA programs are:

  • Completed and submitted application
  • Previous academic transcripts from undergraduate program
  • GMAT score
  • Personal statement
  • Resume
  • TOEFL (for international students)

Career Prospects
Accountants with a MBA degree may qualify for upper management positions, which other accountants with bachelor's degrees may not. Accountants, overall, have a bright future ahead; the US Bureau of Labor Statistics (BLS) predicts 13% job growth for accountants from 2012 to 2022.

Online MBA Accounting
Accountants who want to hold positions of responsibility in their companies may now earn online MBA accounting degrees from the comfort of their home. Some traditional universities, in addition to online universities, offer MBAs through online programs to those who qualify. Students may enjoy more academic freedom as universities may allow them more than two years to finish the degree. The degree may be completely offered online or in a hybrid form. In the latter, students may be asked to attend some classes or workshops on campus. All in all, it may be a suitable option for those who cannot attend traditional on-campus classes.


Q:What courses are included in an MBA accountancy qualification?

A:There are a number of courses included in the MBA accountancy curriculum. Students who do not have an undergraduate in accounting will be required to attempt extra courses. Some of the courses included in this qualification are Organizational Behaviors and Leadership, Marketing Concepts, Advanced Cost Management, Financial Accounting Theory and Research and Competitive Strategy. The mentioned courses are worth 4 credit hours and are an integral part of the MBA in Accountancy curriculum.

Q:What are the admission requirements of Financial Accounting MBA degree programs?

A:To enroll in a MBA degree program with majors in accounting, it is necessary that you fulfill the admission requirements of the chosen institution. These normally include submitting the following documents: high school transcript and bachelor program transcript with minimum CGPA 2.5, two to three letters of recommendation, SAT/GMAT/ACT score, employee data (if any), receipt of admission form fees, and information about any business educational projects.

Q:Can you tell me about the subjects studied in an MBA in accounting degree?

A:An MBA in accounting will cover numerous topics related to finance. You will study a wide range of subjects that cover general business areas as well as accounting concepts. Some of the courses studied include cost management, financial reporting, taxation, managerial accounting, financial management, financial analysis, statistics for business, and business law.

Q:How long is the Accounting MBA program?

A:The Accounting MBA degree program is completed within two years, mostly. However, the duration for the program can be different if it is offered in any other type of graduate program. It can be pursued in the accelerated track which takes 18 months to complete, the executive track which allows students to take three years or more to complete the degree program, and the online program which is self-paced offering students the opportunity of completing the program in as much time as they see fit.

Q:Name a few high paying Accounting Careers that can be pursued with an MBA in accounting degree?

A:MBA in accounting and finance leads to well paid accounting careers. MBA degree holders are qualified for managerial level jobs and are preferred over undergraduates. Further explained are a few high paying careers in accounting: chief accounting officer $112,000 per year, controller/finance director $97,000 per year, finance auditor $73,000 per year, forensic accountant $34,255- $100,671 per year, and CPA $39,756- $98,678 per year. These salary figures are the showed as the average figure and may vary from state to state.

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